Bill Clinton: “That's not--I have made my position very clear. I don't have a veto, as you know, in this process. I've made my position…”

“That's not--I have made my position very clear. I don't have a veto, as you know, in this process. I've made my position clear. I've had extensive talks with undecided Members. I've done everything I could. Our administration has testified on it. But what I think happens is that a lot of the Members of Congress are frustrated because of what's happened in the previous 12 years before we showed up here, and they see this mountain of debt that's piled up. But I don't believe the amendment is the way to solve it, because I think of the whole history of America. I know we could fix this without a constitutional amendment. And if we fix the big structural deficit and we're stuck with this amendment, then what happens the next time we have a recession? Are we going to make it worse? In a recession, are we going to be raising taxes and cutting job training programs? What happens the next time the Federal Reserve has to raise interest rates? Are we going to come back and cut Head Start and college loans? So we need to continue to work on this. We need strong action. I'm just afraid that the American people have not been told the full implications of this for Social Security, for education, and for the economy. And I think that it's regrettable, but understandable, that the supporters did not want to comply with the right-to-know suggestion. But they're going to have to, anyway. They're going to have to before the States vote on it. They're going to have to tell people what the consequences are.”